Notes
A global recession in the book is clearly defined as a “contraction in global real per capita GDP.”
There are, however, enormous differences on per capita GDP growth by EMDE region.
See Global Waves of Debt: Causes and Consequences.
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Estenssoro, A. M. Ayhan Kose and Franziska Ohnsorge (eds.): Review of A decade after the global recession: lessons and challenges for emerging and developing economies. Bus Econ 55, 98–100 (2020). https://doi.org/10.1057/s11369-020-00164-6
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DOI: https://doi.org/10.1057/s11369-020-00164-6